1808 W SUSQUEHANNA AVE Philadelphia, PA 19121
2,466 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,466 sqft
Price per Sqft $161
MLS Listing ID PAPH2564854
Style Straight Thru
Abv Grd Liv Area 2,466
Year Built 1915
Annual Tax Amount $2,753
Tax Year 2024
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
This mixed-use triplex just steps from Temple University's Main Campus presents a strong value-add opportunity with excellent cash-flow potential. With projected gross rents of approximately $52,800/year and a pro-forma 9.5% cap rate, this property is ideal for investors seeking scale, upside, and multiple income streams.
The building features a bi-level commercial space on the first floor—an open, flexible shell ready for a barber shop, salon, or service-oriented tenant. Above are two full-floor 2BD/2BA residential units with spacious layouts and strong rental appeal in a high-demand corridor.
The property is currently vacant, offering investors the ability to complete needed improvements, reposition the commercial space, or finish renovations without tenant disruption. With its location, size, and projected income, this property represents a compelling opportunity for both long-term investors and value-add operators.
With projected market rents of $4,400/month (≈ $52,800/year), this asset delivers a strong income profile. After expenses, the building produces a projected NOI of $42,553, making this an attractive opportunity for buy-and-hold investors seeking solid returns in a rapidly developing corridor.
The property features a bi-level white box commercial space on the first floor that has a layout perfectly suited for a barber shop, salon, or personal-service business. The space is ready for an investor or entrepreneur to complete and capture commercial income immediately. Upstairs are two full-floor residential units, each configured as 2 bedrooms / 2 bathrooms, spanning the entire 2nd and 3rd floors. These units offer spacious layouts, strong rental appeal, and excellent upside—especially in a market where well-located 2BR units near Temple can command premium rents.
The building is currently vacant, allowing for a full renovation strategy, immediate repositioning, or lease-up without tenant interruptions. Whether you're an investor seeking cash flow, value-add potential, or long-term appreciation, this property presents a rare opportunity at a compelling price point.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX1
Rooms
Basement Partially Finished
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Block
Above Ground Finished SqFt 2466
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871541880
Ownership Fee Simple
SqFt Source 2466
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Bank Owned/REO
Nearby Locations